Real Estate Blog

July 11th, 2007 by Dino

Turkish-British Chamber of Commerce and Industry (TBCCI) organized a seminar to introduce the real estate market and the conditions of buying estate in Turkey to the British investors and entrepreneurs.

Aziz Doğan, the financial advisor of Turkish embassy in London, spoke at the seminar and said that it became easier for foreigners to have estate in Turkey, but there are some restrictions in SİT –protected places because of historical heritages– fields and some areas that are sensitive in terms of security, according to Anatolia news agency. He added that foreigners also have the same rights as Turkish citizens in case of selling or renting their estates. Doğan reminded that following the treaty of double taxation that was signed on May 9 1986 between Turkey and Britain, the rental revenues of foreigners are subjected to taxation only in Turkey. The southern Aegean and Mediterranean regions, Fethiye and Didim in particular are the most preferred towns by the British for investment.

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